News

TomTom shares crash after profit warning

TomTom, the Dutch navigation system maker, on Tuesday lost an estimated €325.7m in market value as investors responded to the company’s profit warning published on Monday. The company said in a statement that it expects profits to decrease by almost half in 2011 compared to the year before. The drop was attributed to a decline…

New chief of IMF announcement imminent

The IMF board’s 24 members are due to make a decision on who will be the next IMF managing director after the two key candidates had an opportunity to present all relevant information concerning their candidacy to the executive board.
 French finance minister Christine Lagarde remains a clear favourite for the top job as head…

New chief of IMF announcement imminent

The IMF board’s 24 members are due to make a decision on who will be the next IMF managing director after the two key candidates had an opportunity to present all relevant information concerning their candidacy to the executive board.
 French finance minister Christine Lagarde remains a clear favourite for the top job as head…

EU leaders agree to Greek bailout


Europe’s leaders agreed late on Thursday to release a fresh €12bn bailout for Greece provided it passes an austerity package before its parliament.
 Greece is expected to introduce strict measures of €28bn in tax rises and spending cuts and in addition will have to commence a €50bn programme in privatisations of state assets.
 “Greece must…

Does Dodd Frank meet the test of our times?

With financial reform legislation barely a year old, Republican policymakers, urged on by Wall Street’s influential figureheads, have been vehemently spinning the yarn of the Dodd Frank Wall Street Reform and Consumer Protection Act (DFA) into new regulatory fabric, trying to ignore the distraction of initiatives to tear up certain aspects of the existing law….

Does Dodd Frank meet the test of our times?

With financial reform legislation barely a year old, Republican policymakers, urged on by Wall Street’s influential figureheads, have been vehemently spinning the yarn of the Dodd Frank Wall Street Reform and Consumer Protection Act (DFA) into new regulatory fabric, trying to ignore the distraction of initiatives to tear up certain aspects of the existing law….

EU leaders agree to Greek bailout


Europe’s leaders agreed late on Thursday to release a fresh €12bn bailout for Greece provided it passes an austerity package before its parliament.
 Greece is expected to introduce strict measures of €28bn in tax rises and spending cuts and in addition will have to commence a €50bn programme in privatisations of state assets.
 “Greece must…

Inbursa: Growth with profitability

The bank has a very strong balance with a 20.5 percent tier one capital ratio, and its loan loss reserves cover 5.4 times the non performing loans. The strength is reflected in the BBB rating that Standard & Poor’s has given Inbursa – the highest rating in Mexico. Low operating costs is a key principle…